"Hundreds of thousands of student loan borrowers watched on June 30^th as the Supreme Court handed down the long-awaited decision regarding student loan forgiveness. In a 6-3 vote, the Supreme Court determined that the Biden Administration did not have the authority to issue broad forgiveness as they had initially portrayed under the 2003 HEROES Act, and the decision was struck down," Smart Women Smart Money reports. 

..."In the coming months, federal loan servicers are going to be inundated with phone calls from borrowers wanting to understand their repayment obligations. In an article written by the National Association of Student Financial Aid Administrators (NASFAA), they note that you may have to contact your servicer multiple times in order to get a representative on the phone due to high call volume. It is best to have a conversation early and often with your specific servicer to ensure you understand how to make a payment, what the due date is each month if any forms are needed, and what other options are available to you. As tough as it is to face the reality of having to begin making payments again, it is inevitable that that time is coming – and quickly!"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 8/16/2023